US Inflation Reduction Act Boosts EV Sales: Tesla up 62%, Volkswagen up 42%
The U.S. Inflation Reduction Act (IRA) has been found to significantly impact the sales volumes of automobile manufacturers in the global electric vehicle (EV) market, excluding China. According to a study by the energy market research firm SNE Research, the…
U.S. Steel Starts Up New Electrical Line For EV At Big River Steel
U.S. Steel has started up a new, non-grain oriented electrical steel line for electric vehicles at its Big River Steel mill in Arkansas.The Pittsburgh-based steelmaker, one of the Region’s largest employers, now can make more NGO electrical steel in the…
LG Energy Solution Invests $3B In US Battery Manufacturing Expansion
The battery supply deal is part of Toyota’s push to produce 3.5 million battery EVs a year by 2030. To support the push, the automaker announced plans last month to triple its annual EV production target to 600,000 vehicles in…
E-fuels Cannot Save Europe From Chinese Electric Vehicles
At the International Motor Show in Munich last month two things stood out: the number of sleek electric models from Chinese brands, and the European auto executives who had little to offer except to talk up e-fuels.The risk of European…
Immersion Cooling For EV Batteries Market Worth $156.90 Million By 2030
Immersion Cooling for EV Batteries Market in terms of revenue was estimated to be worth $1.23 Million in 2022 and is poised to reach $156.90 Million by 2030, growing at a CAGR of 91.1% from 2022 to 2030 according to…
U.S. Treasury Details EV Tax Credit Rebate Rules
The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January.Currently, consumers can only take advantage of the $7,500 new EV credit or $4,000…
The Federal Government’s Policies on EV Manufacturing
The US federal government has a number of policies in place to support the domestic manufacturing of electric vehicles (EVs) and EV components. These policies are designed to help the US develop a robust EV supply chain and become a…
GM Launches All Electric Line-up In Europe
General Motors is launching an all-electric range fronted by its Cadillac brand in Europe this week, six years after the US carmaker sold its mass-market brands in the region following a long struggle with profitability.The company said it would roll…
UK’s Badenoch Says EU Won’t Budge On Post-Brexit EV Tariffs
UK Business and Trade Secretary Kemi Badenoch said the European Union’s refusal so far to delay the introduction of post-Brexit tariffs on electric vehicles is driven by “ideological reasons,” as Britain awaits a decision from the EU commission.“Let’s just remove…
2025 Volvo EX30 EV Will Start at $36,245 in US Form
Volvo has revealed U.S. pricing for its compact, Chinese-made electric car, the EX30. The 2025 Volvo EX30 will come in Core, Plus, and Ultra versions for the U.S., with all but the Core offered in a choice of single-motor rear-wheel-drive…
